| Real property tax credit |
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| You may be entitled to this credit if you meet the conditions below for tax year 2007. |
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Your household gross income is $18,000 or less. |
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You occupied the same New York residence for six months or more. |
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You were a New York State resident for all of 2007. |
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You could not be claimed as a dependent on another taxpayer’s federal income tax return. |
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Your residence was not completely exempted from real property taxes. |
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The current market value of all real property you owned, such as houses, garages, and land, was
$85,000 or less. |
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You must also meet all the conditions listed under either
Homeowners or Renters below: |
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Homeowners: |
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You or your spouse paid real property taxes. |
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Any rent you received for nonresidential use of your residence was 20%
or less of the total rent you received. |
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Renters: |
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You or a member of your household paid rent for your residence. |
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The average monthly rent you and other members of your household paid was $450 or less, not counting charges for heat, gas, electricity, furnishings, or board. |
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| How much is the credit? |
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If all members of your household are under 65, the credit can be as much as $75. |
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If at least one member of your household is 65 or older, the credit can be as much as $375. |
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If your credit is more than the taxes you owe, you can claim a refund. |
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| How do I claim this credit? |
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| Complete IT-214, Claim for Real Property Tax Credit for Homeowners and Renters and attach it to your New York State income tax return. |
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| If you don’t have to file a New York State income tax return, send in your complete IT-214 and we will refund you the credit amount. |
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